It’s plausible that royalties will come into the South...

It’s plausible that royalties will come into the South Australian state coffers just by the sheer size and volume of developments, like Renascor’s Siviour deposit.

South Australia’s geology is such that it’s plausible that it could discover multi ‘IOCG systems’ about the size of Olympic Dam in the next few years. BHP has started the ball rolling with the Oak Dam West discovery. Using magnetotelluric (MT) surveying technology which is an initiative implemented through AusLAMP but funded by national and state governments, backed by geo-scientific bodies and some universities. South Australia has invested in such a comprehensive MT surveying program that it is has created a formidable asset of datasets that could lay the path for the potential of big discoveries very soon.

In terms of return for initial investment and support, that’s only fair. It also strengthens RNU's case to be in the right state at the right time.